Patricia Tiralongo joined CIBC Asset Management as managing director-business development.
Ms. Tiralongo is responsible for "representing CIBC's investment capabilities to the U.S. institutional allocator community," said a news release Tuesday, adding that CIBC AM has "partnered with several large U.S. institutional pension clients" and "we look forward to having Patricia continue that momentum going forward."
It is a new position, and Ms. Tiralongo reports to Sidney F. Queler, managing director-U.S. private wealth management, said Carlo DiLalla, managing director and head of institutional asset management, in an email.
"Patricia will also work closely with me to build CIBC Asset Management's institutional business," Mr. DiLalla added.
Ms. Tiralongo previously was managing director-client relations at Epoch Investment Partners, a subsidiary of TD Bank Group, where she was responsible for institutional business development in the eastern U.S., the news release said. A spokesman for Epoch said in an email that the firm has not yet found a successor for Ms Tiralongo. “We are looking,” he added.
CIBC AM, the asset management subsidiary of CIBC, had C$185 billion ($143.7 billion) in assets under management as of June 30, of which about C$37 billion was managed for institutional clients, including pension funds, endowments and foundations, Mr. DiLalla said. Of those institutional assets, about C$4 billion was managed for U.S. institutional plans.
